StockNews.com Begins Coverage on Via Renewables (NASDAQ:VIA)

StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a research report released on Friday morning. The firm issued a hold rating on the stock.

Via Renewables Stock Down 0.2 %

Shares of VIA opened at $10.91 on Friday. The firm has a 50 day simple moving average of $10.87 and a two-hundred day simple moving average of $9.82. The company has a market cap of $78.91 million, a P/E ratio of 2.71 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.34 and a quick ratio of 2.32. Via Renewables has a one year low of $5.22 and a one year high of $13.31.

Via Renewables (NASDAQ:VIA) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.81 earnings per share for the quarter. Via Renewables had a net margin of 5.68% and a return on equity of 57.36%. The company had revenue of $114.06 million for the quarter.

Institutional Investors Weigh In On Via Renewables

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new stake in shares of Via Renewables during the 3rd quarter worth approximately $146,000. Metis Global Partners LLC purchased a new position in Via Renewables in the 3rd quarter valued at approximately $125,000. Finally, Bailard Inc. purchased a new position in Via Renewables in the 4th quarter valued at approximately $118,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

About Via Renewables

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.